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Article: VAs can boost retirement returns, study finds; Contracts' consistent cash flow is becoming more appealing.(News)
- Article from:
- Investment News
- Article date:
- February 4, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Darla Mercado
Variable annuities with guaranteed-minimum-withdrawal benefits allow investors to reduce risk and increase retirement income, according to a recent study.
Paired with mutual funds in a portfolio, a VA can create a higher income level over a 28-year period than other investments, while decreasing the risk that the income payments will be reduced, according to the study from Ibbotson Associates Inc. and funded by Nationwide Financial Services Inc. of Columbus, Ohio. It noted that because the investment allocation within an annuity can be more aggressive, investors may accumulate more money in their accounts and generate more income.
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